Applied Digital Corporation (NASDAQ:APLD) saw an upside of 4.80% to close Tuesday at $5.68 after adding $0.26 on the day. The 5-day average trading volume is 2,803,420 shares of the company’s common stock. It has gained $5.69 in the past week and touched a new high 3 times within the past 5 days. An average of 2,832,090 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,364,398.
APLD’s 1-month performance is -3.24% or -$0.19 on its low of $4.82 reached on 09/11/23. The company’s shares have touched a 52-week low of $1.45 and high of $11.62, with the stock’s rally to the 52-week high happening on 06/23/23. YTD, APLD has achieved 208.70% or $3.84 and has reached a new high 24 times. However, the current price is down -51.12% from the 52-week high price.
Insider Transactions
APLD stock investors last saw insider trading activity on Aug 08.Nottenburg Richard N (Director) most recently sold 14,820 shares at $7.74 per share on Aug 08. This transaction cost the insider $114,707. Chief Financial Officer, RENCH DAVID, sold 25,000 shares at a price of $1.96 on Nov 28. Then, on Nov 10, CMO INGEL REGINA sold 14,500 shares at a price of $2.14 per share. This transaction amounted to $31,030.
Valuation Metrics
APLD stock has a beta of 4.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.84 while the price-to-book (PB) in the most recent quarter is 9.15.
Applied Digital Corporation’s quick ratio for the recent period was 0.40, with the current ratio over the same period at 0.40.. In terms of profitability, the gross margin trailing 12 months is 18.06%. The trailing 12-month EBITDA margin is -66.41%. The firm’s gross profit as reported stood at $11.0 million against revenue of $55.39 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -233.62% to -$7.05 million, while revenue of -$7.03 million was 0.28% off the previous quarter. EBITDA for the quarter stood at more than -$3.61 million. APLD stock balance sheet for the recent quarter shows that total liabilities totaled 194.28 million, with total debt at $91.81 million. Shareholders hold equity totaling $103.95 million.
Let’s look briefly at Applied Digital Corporation (APLD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 56.45% to suggest the stock is trending Neutral, with historical volatility in this time period at 51.60%.
The stock’s 5-day moving average is $5.37, reflecting a +13.83% or $0.69 change from its current price. APLD is currently trading -1.90% above its 20-day SMA, +82.05% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -24.57% and SMA200 by+255.00%.
Stochastic %K and %D was 62.46% and 46.10% and the average true range (ATR) pointed at 0.42. The RSI (14) points at 48.29%, while the 14-day stochastic is at 86.43% with the period’s ATR at 0.48. The stock’s 9-day MACD Oscillator is pointing at 0.19 and 0.19 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Applied Digital Corporation (NASDAQ: APLD), H.C. Wainwright launched coverage with a Buy rating. Analysts offering their rating for APLD stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate APLD as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is APLD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $12.00 and a high of $19.00, with their median price target at $15.50. Looking at these predictions, the average price target given by analysts is for Applied Digital Corporation (APLD) stock is $15.42.
